Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. question2: in contrast to several decades ago, int

Question2: In contrast to several decades ago, intangible assets are becoming increasingly important to the...

60.1K

Verified Solution

Question

Accounting

Question2: In contrast to several decades ago, intangible assets are becoming increasingly important to the value and operation of many organisations. For so many organisations, intangible assets form sizeable proportion of their total assets. This has resulted into central importance to intangible assets in such organisations. The rapidly changing technologies and markets have resulted into more knowledge-based assets rather than traditional assets having physical form. Artificial intelligence, cyber security are the fresh entrants to this group. Value of many organisations such as Facebook, Twitter, Google etc. is mainly composed of intangible assets rather than physical assets. However, consequently there is a greater need for sound financial reporting of these assets.

Required: Select an organisation (Not Apple Inc.) that has significant intangible assets and extract the statement of financial position (balance sheet) and notes from the Annual Report to analyse the intangible assets and analyse the identifiable and unidentifiable intangible assets recognised for accounting purposes in a report of 1500 words to provide analysis of an organisationss financials.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

QUESTION 15: The conversion of acetophenone, C6H5COCH3, to benzoic acid, C6H5COOH, is accomplished by the use of which oxidizing...

Chemistry
Q

Two particles are attached to light s tring the masses are rotated at const ant...

Physics
Q

State the most specific name for each figure or 1 3 5 7 30AM 3A8AM...

Geometry
Q

lic excavator. Both pleces of equipment have an intital investment of $478,526. The net cash...

Accounting
Q

Westlawn Company discloses the following for the year ended May 31, 2020: Sales Sales discounts...

Accounting
Q

The Village of Seaside Pines prepared the following enterprise fund Trial Balance as of December...

Accounting
Q

4. Prepare a table that compares the market outcomes of perfect competition, monopoly, monopolistic competition...

Accounting
Q

Assume your company sells chocolate chip cookies in bags of a dozen each. The cookies...

Accounting
Q

1. List 10 businesses subject to other percentage taxes. 2. Identify the rates of other...

Accounting
Q

Please answer question 2. Budget Variances, Materials and Labor Cinturon Corporation produces high-quality leather...

Accounting
Q

Lansing, Inc. provides the following information for one of its department's operations for June (no...

Accounting
Q

New Value Corp (NVC) most recent free cash flow (FCF) was $195 million; the FCF...

Finance